Home » Past Questions » Accounts » Which of the following is not true of revenue expenditure? i. It is incurred in...

Which of the following is not true of revenue expenditure? i. It is incurred in...


Question

Which of the following is not true of revenue expenditure? i. It is incurred in one period of account. ii. its full benefits are consumed in the period incurred. iii. it includes items for replacement and repairs iv. it does not include depreciation

Options

A) i

B) i and ii

C) ii

D) iii

E) iv

The correct answer is E.


More Past Questions:


Discussion